Q2 results
Sales SEK 288m (-1% vs ABGSCe 291m and -2% vs cons 295m), adj. EBIT SEK 25m (-7% vs ABGSCe 27m and -6% vs cons 27m), net profit SEK 24m (-9% vs ABGSCe 26m and -9% vs cons 26m). Organic growth -14% (vs ABGSC -13%). Slightly lower sales was the reason for the miss on EBIT as the main cost items were in line. One bright spot of the report was the continued strength of G5 Store which grew 42% y-o-y, now comprising 15% of total sales (9%) driving positive gross margin development. The gross margin increased to 68% in Q2 (67%).
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